Solar Panel Cost Guide in Leominster, MA (2024 Update)
- Leominster Solar Installation Cost: $12,726
- 25-Year Savings: $17,783
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Leominster
Here’s how much it might cost to install solar panels in Leominster.
The average cost of a solar system in Leominster is 4 per watt.The average solar panel system size in Leominster is around 4.5 kilowatts, meaning a cost of about $12,726 for a solar installation, or $18,198 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Leominster depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a sound investment. The average homeowner in Leominster can save around $23,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Leominster
| Year | Return on Investment |
|---|---|
| 1 years | $-10,957 |
| 3 years | $-7,419 |
| 5 years | $-3,881 |
| 7 years | $-343 |
| 9 years | $3,195 |
| 11 years | $6,733 |
| 13 years | $10,271 |
| 15 years | $13,809 |
| 17 years | $17,347 |
| 19 years | $20,885 |
| 21 years | $24,423 |
| 23 years | $27,961 |
| 25 years | $31,499 |
Top Solar Installers in Leominster
Installing solar panels on your own can be a stressful task, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Leominster
Factors that Affect Solar Panel Costs in Leominster
For many Leominster homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Leominster, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. The kind of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Leominster provide solar loans, which reduce the initial cost of installing solar.Although solar loans make switching to solar energy more accessible for Leominster homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Leominster is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $18,441 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $25,043 | 12.0 years |
| 10 kW | $4.06 | $28,420 | $31,872 | 11.8 years |
| 12 kW | $3.98 | $33,422 | $38,929 | 11.5 years |
| 14 kW | $3.90 | $38,196 | $46,213 | 11.3 years |
| 16 kW | $3.82 | $42,744 | $53,724 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $61,463 | 10.8 years |
| 20 kW | $3.65 | $51,156 | $69,429 | 10.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Leominster, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Leominster, MA Solar Cost FAQs
What is the average cost of installing solar panels in Leominster?
The average cost of solar panels in Leominster is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Leominster?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is going solar worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.